NEW YORK -- Amazon
In its fiscal first quarter, Amazon earned 18 cents a share on $16.07 billion in revenue, a year-over-year increase of 22%. Analysts were looking for earnings of 8 cents a share on $16.14 billion in sales.
For the quarter, Amazon said unit growth was 30% year over year, which slowed by 200 basis points from the last quarter, albeit a slower rate than in previous quarters. Unit growth has continued to slow, with digital seeing faster growth than physical. On a conference call, Amazon said the overall growth rate is being helped by the ecosystem which is built more in North America.
For the second quarter, Amazon expects revenue between $14.5 billion and $16.2 billion, a growth of 13% to 26% compared with second quarter of 2012.
Revenue in the quarter rose 11% to $3.56 billion. U.S. same-store sales in the quarter rose 7%.
Starbucks said it expects full-year earnings of $2.12 to $2.18 a share, up from its previous forecast of $2.06 to $2.15 a share.
George Soros revealed he had taken an 8% stake in JCPenney
Soros Fund Management disclosed in a Securities and Exchange Commission 13G filing, dated April 15, that it bought 17.4 million shares, or a 7.9% stake in the retailer's stock.
Wall Street is expecting Chevron
Analysts expect homebuilder DR Horton
Yahoo! appointed Maynard Webb Jr. as interim chairman.
Amoroso is the eighth Yahoo! director to depart since early last year.
-- Written by Joseph Woelfel
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